Southwest Albuquerque Office Space

Southwest Albuquerque

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,550
As of: June 25, 2017

Southwest Albuquerque Rates

The typical asking rate per listing is in the $10's per square foot per year. The Southwest Albuquerque submarket is going through a an increase in rates. In the last 3 months, the median rate rose $17 per sqft per year.

Southwest Albuquerque Listing Supply

In the last 90 days, 16 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 31% of the available leases in the Southwest Albuquerque are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,550 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this region were built in 0 and are Class B.

Southwest Albuquerque Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the folk of Southwest Albuquerque work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Southwest Albuquerque.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southwest Albuquerque.
Research